Tameer president to step down

STEPPING DOWN: Ayesh, pictured, said it was ‘high time’ the company’s executive managers took over its daily business.

Founder of Tameer Holding Omar Ayesh said on Sunday he would step down as president, handing the reins of the company to its executive managers.

“It’s high time the company’s executive managers take over the responsibilities of the daily management of the firm, and follow up the plans laid by the company’s board of directors,” Ayesh said in a statement.

“I am confident that the highly skilled personnel whom we have appointed in the company will carry out these duties efficiently and professionally."

As a partner and member of the board, Ayesh will continue to take care of strategic issues at the Sharjah-based developer which has claimed a string of accolades under his leadership, most recently the Mohammed Bin Rashid Al-Maktoum Business Award in the real estate development category.

Ayesh was named CEO of the Year for property development by ITP in its first CEO Middle East Awards last October. The firm was also a finalist for Ernst & Young Middle East’s ‘Entrepreneur of the Year’ award.

Tameer has experienced rapid growth, increasing from a handful of individuals in 2005 to a team of several hundred professionals with a project portfolio of over 30 landmark developments in the UAE, GCC and Mena region.

Projects include the iconic Tameer Towers at Shams Abu Dhabi on Al Reem Island, The Gate Towers, a joint venture with Sorouh, Princess Tower in Dubai Marina and Platinum Towers at Business Bay.

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